The Latin American Portable Oxygen Concentrators Market Size was valued at USD 0.14 billion in 2022 and is poised to be worth USD 0.21 billion by 2027, growing at a CAGR of 8.3% during the forecast period 2022 to 2027.
The market's growth is fueled by the rise in the number of people exposed to indoor air pollution, the increased number of active smokers, and daily exposure to pollutants.
Continual flow dominated the market in 2020, and this trend is projected to continue during the forecast period, depending on technology. Because of a rise in lifestyle choices such as smoking and alcohol usage and an increase in the geriatric population, both of which are predicted to drive market growth.
Many patients require continuous oxygen flow during their illness or diagnosis, and portable oxygen concentrators meet this demand, increasing their popularity over time. Furthermore, the market for portable oxygen concentrators in Latin America is also growing due to technological breakthroughs in the field.
The development of home healthcare goods is likely to be driven by technology advancements, increasing government spending, and economic stimulus by manufacturing firms.
The High cost of oxygen concentrators and onerous regulatory procedures stifles the market's growth. Furthermore, due to an increase in the geriatric population in remote areas, portable oxygen concentrator supply will be challenging to come by shortly.
Patients are given oxygen therapy using portable oxygen concentrators. Portable oxygen concentrators give oxygen with a higher concentration than ambient air. Portable oxygen concentrators have been used all over the world for decades. However, early portable oxygen concentrators were unreliable and difficult to operate since they were big and expensive.
This research report on the Latin American Portable Oxygen Concentrators Market has been segmented and sub-segmented into the following categories.
By End User:
Geographically, the Latin America portable oxygen concentrators market is predicted to develop moderately. The rising incidence of chronic obstructive pulmonary disease, changing consumer lifestyles, adoption of new technologies, growing consumer awareness of oxygen therapy devices, increasing government expenditure company investment in homecare products all contribute to the region's market growth.
The Brazil portable oxygen concentrators market has dominated the global industry in Latin America because of changes in food and lifestyle. Therefore, countries in Latin America, such as Mexico, Brazil, and Argentina, are projected to increase significantly in market share during the period. Furthermore, with the rising number of COVID cases in the Latin American region, the number of healthcare center admissions and medical care has increased, resulting in the high demand for medical oxygen concentrators. In addition, as a result of increasing home isolation and self-care treatment during the pandemic, demand for portable oxygen concentrators has increased.
The Mexico portable oxygen concentrators market held the largest share of the portable oxygen concentrators market, and it is expecting a predominant share during the forecast period. An increase in the prevalence of chronic illness, growing awareness, and technological advancements are driving the market's growth. As a result, the country represents a potential market for respiratory equipment.
KEY MARKET PLAYERS
Prominent companies dominating in the Latin American Portable Oxygen Concentrators Market profiled in the report are Koninklijke Philips N.V., Inogen Inc., Foshan Keyhub Electronic Industries Co. Ltd., O2 Concepts LLC, and GCE Group, Chart Industries Inc., Resmed Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Precision Medical Inc.,
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Continuous Flow Portable Oxygen Concentrator
5.1.3 Pulse Flow Portable Oxygen Concentrator
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 End User
5.2.4 Ambulatory Surgical Centres
5.2.5 Travel Agents
5.2.6 Y-o-Y Growth Analysis, By End User
5.2.7 Market Attractiveness Analysis, By End User
5.2.8 Market Share Analysis, By End User
5.3 By Technology
5.3.2 Continuous Flow
5.3.3 Pulse Flow
5.3.4 Y-o-Y Growth Analysis, By Technology
5.3.5 Market Attractiveness Analysis, By Technology
5.3.6 Market Share Analysis, By Technology
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By End User
22.214.171.124 By Technology
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By End User
220.127.116.11 By Technology
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product
126.96.36.199 By End User
188.8.131.52 By Technology
6.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Koninklijke Philips N.V.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Inogen Inc.
8.3 Chart Industries Inc.
8.4 Resmed Inc.
8.5 Invacare Corporation
8.6 Drive DeVilbiss Healthcare
8.7 Precision Medical Inc.
8.8 Besco Medical Co. Ltd.
8.9 Oxus America, Inc
8.10 Foshan Keyhub Electronic Industries Co. Ltd.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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